Hadron Energy, Inc. (HDRN): Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers

Pfizer (PFE) agreed to share incremental overseas drug revenue with U.S. HHS from 2026-2029. The deal follows a 2025 agreement for U.S. price adjustments and tariff exemptions. Pfizer generated $62.6B revenue in 2025, with 41% from international operations. The arrangement aims to offset U.S. pricing pressure and reduce tariff risks, but revenue-sharing may limit gains.

National Fuel Gas Company (NFG) plans to separate its Integrated Upstream and Gathering (IUG) operations from its regulated utility, pipeline, and storage businesses by October 15. Shareholders may receive IUG shares tax-free. NFG is also acquiring CenterPoint Energy’s Ohio gas utility, adding 335,000 customers. The split could enhance valuation and strategic flexibility but may reduce cash flow and integration benefits.

Michael Saylor, executive chairman of Strategy (formerly MicroStrategy), posted a Bitcoin chart with the caption 'Even more orange,' hinting at potential Bitcoin purchases. Strategy is the largest public company holding Bitcoin, with 846,000 BTC. Last week, it bought 950 BTC worth about $76 million. Bitcoin is trading near $84,974, 13% above Strategy's average cost of $75,416 per coin.

Delek US Holdings (DK) priced a $400M zero-coupon convertible senior notes offering due 2031. Proceeds will pay down debt and support general corporate purposes. The stock is up 127.80% year-to-date but down 13.16% in the past week. Analysts view it as 9.5% undervalued at a fair value of $75, though its P/E ratio is higher than sector peers.

Starbucks plans to close 250 North American stores, about 1% of its total locations, due to poor customer experience or financial non-viability. The closures are part of a $1 billion restructuring plan by CEO Brian Niccol and will cost approximately $300 million. Despite the closures, the company reported 7.9% same-store sales growth and plans to open new cafés.

TotalEnergies (TTE) announced a Final Investment Decision for the Absheron gas field, aiming to boost production by 2029. The project, with partners SOCAR and XRG, targets 6 billion cubic meters of gas and 47,000 barrels of condensate daily. TTE offers a 4.41% dividend yield with a 50% payout ratio and a 3-year growth rate of 6.6%, while trading 30.1% above its GF Value™.